carlislematthew
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finance wrote: The purchase price will be $175,000 and the rental income is $1660 per month. Have you included some element of vacancy in the numbers? You should probably make some industry standard estimation of vacancy (whatever that tur…
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Lake Hills Renter wrote: Is it just me, or is it pretty quiet over at RCG these days? When they're not discussing the relative merits of burying plastic statues and their effect on home sales, it is indeed pretty quiet.
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deejayoh wrote: casey1167 wrote: 190K investment / loan at 6.5% is $1,029 a month. (and that is just interest, toss in some for repairs, home owners, taxes, etc.) If you are thinking it will only rent out in two years for 1000-1100, you ar…
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What's with the doom and gloom? Lighten up, dude. Microsoft, mountains, lakes, Boeing... That about says it all.
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I tend to agree on the sadness thing, Tim. I went to Freemont a couple of months ago, and hadn't been there for several years. My reaction? It was "nice". Very nice. Cleaner, nicer stores and better amenities. But I didn't like it as much. …
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deejayoh wrote: I can see why they call them "moody" they have forecast the seattle market 3 different ways in 3 months. If it's wednesday, it will be down. Thursdays and Saturdays it's up. the others are coin flips... Overall, the more…
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Ubersalad wrote: Fortune is retarded, their coin flip bullcrap news is pointless to read or reference. Nice attitude.
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Mr Rational, Here's some additional data on SoCal's foreclosure rate. Check out this chart (from Calculated Risk): Chart Back in 2005 (and early 2006) the local SoCal media and California Association of Realtors were touting the low forecl…
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MrRational wrote: Thanks Deejayoh...excellent analysis! You may want to make this the subject of a post off the main page, I bet a lot of people would find it interesting. Agreed. Although I would like to also suggest that an analysis be …
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They can only "afford" the mortgages because: a) They can refinance, cash out, get HELOCS that enable them to remain current. b) If they get in trouble, or think they're going to get in trouble, they can always sell for more than they bought t…
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I'm really interested in this too. You can go on cbbain.com and add all the properties to your Watchlist and get emails every day regarding pending, off market, etc. That's what I do, but it's only feasible for the properties you're really inter…
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My cat's pee smells funny.
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Lake Hills Renter wrote: I think we should go back to the original celebration. Ancient Gaels believed that on October 31, the boundaries between the worlds of the living and the dead overlapped and the deceased would come back to life and cau…
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deejayoh wrote: Greg - w/r/t absorption rates, here's some work on inventory and price I did that you might find interesting. http://seattlebubble.com/blog/2007/06/1 ... y-matters/ because the C/S index is pretty broad, you can't take it dow…
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What we absolutely DON'T want to do is to send decent people (even if they ARE realtors!) packing. Good information exchange can be had. Not every realtor is a waste of space - Greg seems to be intelligent and experienced - the kind we should be e…
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finance wrote: TJ_98370 - Actually Bill Gate's salary lowers the average pay at MSFT because he is paid an annual salary below $1M and does not accept stock options anymore. What? Bill Gates gets paid less than $1,000,000 and this *lowers*…
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Same old tired arguments. -not making any more land -jobs -spring bounce -now is a good time to buy -tax writeoff -prices may dip, but it's a long term thing, ya know? -the media is scaring people Over and over again we hear the same old…
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David, You'll have much better success with this debate if you attempt to write a little more clearly, and make concise arguments. Your writing is rambling and your points dive from topic to topic in a highly tangential manner. My advice woul…
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jon wrote: Did I miss anything in his posts? Coffee is for closers. It's the leads! The leads are poor. That's why the houses aren't selling. It's the fucking leads!
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deejayoh wrote: It's a condo developer wet dream The only study I have ever seen with empirical data on the topic says that the empty-nester-->urban condo scenario is a myth, and that urban flight of empty nesters vastly exceeds those that a…
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There is a serious obsession these days with thinking that retirees will immediately sell their big house in the suburbs and move back into a downtown condo. Of course, some do, but I think it's a mistake to think that this is what retirees, in gen…
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Lake Hills Renter wrote: I am the happiest when I am ankle deep in a creek photographing a waterfall in the autumn rain. OK, now you've gone too far.
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Lake Hills Renter wrote: Why let the rain and clouds stop you? There's excellent things to do in the mountains regardless of weather. Hiking in a lush mossy forest in the rain is fantastic. I just went mountain biking up at Tiger Mountain l…
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rose-colored-coolaid wrote: What I meant is Portland seems to actually have 4 seasons. They aren't as distinguished as in the north east, but you can probably spot them. Seattle tends to have two seasons : winter and August. Winter is when it's…
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Interesting. I'd say we're somewhere in-between denial and fear, with a small dollop of desperation if you're one of the few desperate sellers.
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If only people had a MEMORY, and could remember all those national stories about real estate: -Real estate has never gone down without job losses, so it can't do so now -We'll likely return to more normal rates of appreciation -Innovation finan…
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deejayoh wrote: FWIW, it's "eminent domain"... sorry, pet peeve Yes, their are ways to insure your using the correct words!
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The Tim wrote: carlislematthew wrote: Interesting statistics. In response: Boeing! Microsoft! I eagerly await your response to my killer arguments. You guys crack me up. Seriously, I love it. If I had the time I'd start a paro…
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Interesting statistics. In response: Boeing! Microsoft! I eagerly await your response to my killer arguments.
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anamik wrote: At the Seattle P-I blog, the arrogance and attitude is stunning. They take offense to anyone not using their real name. Seriously, what is it about user names that so freaks them out? It's a self defense mechanism. Some of th…